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Multi-family Triplexes for Sale in Orange County and Los Angeles, CA

A triplex is a dwelling with separate entrances for three households. A triplex may be used to describe a two-story or three-story homes with completely
separate apartments on each floor or side-by-side apartments on a single lot. Amongst multi-unit residential investment properties, a triplex is a building
comprising three attached units on three different properties and is typically thought of as semi-detached, but may also be referred to as a triplex. The
line between an apartment building and a triplex is somewhat blurred, with apartment buildings tending to be bigger, while triplexes are usually the size
of a medium – sized house.

Southern California's great climate can enable your triplex or multifamily residential income property to serve as a vacation rental for many of its
destination cities. Coastal cities are especially popular and you may command higher rents and consequently may pay a higher purchase price. With many
cities allowing vacation rental conversion and the increasing popularity of web sites like AirBnB; allowing anyone to turn any space into a hotel, you can
create multiple short term rentals with higher asking rates. Plus fewer and fewer triplexes and apartment buildings are being built in California, creating
higher demand for a limited supply.

Overall, knowing that the mortgage may be less than the rental income from the other units, it can be a win-win situation, allowing you to own a home and
be an investor at the same time. When investing in triplexes, fourplexes, duplexes and commercial apartment buildings, you will have greater control over
who your tenants are and the maintenance of the building if you reside there.

Owning a triplex has a number of unique advantages to consider.

1. Triplexes Can Be Affordable

Many triplexes are located in affordable neighborhoods. If you can’t afford the home you want in an expensive neighborhood, a triplex in a less expensive
area may put you on the fast track to buying a home. In addition, you receive rental income, which makes the home even more affordable.

2. You Get Help with Your Mortgage

From a homeowner’s perspective, buying a triplex can be especially appealing because you can live in one area of the building and collect rent from the
tenants living in the other areas. This makes it easier to pay off your mortgage. By renting out the other parts of a triplex, you could pay off your
mortgage faster by making larger payments each month. This is one of the most appealing aspects to buying a triplex for sale.

3. You Can Rent to a Family Member

If you have elderly family members or family members with health challenges who need extra care or limited supervision, you can allow them to rent the
extra apartment in lieu of moving into a nursing home. This sort of living situation works well for many families. You can have your beloved family members
close, allowing them to maintain their independence, and everyone get the privacy they need.

Hiring a property manager can also help you control owner/ landlord expenses and if necessary can guide you through the tricky Section 8 and the sometimes
unavoidable eviction process. We have many triplexes, duplexes, fourplexes, and commercial apartment buildings without rent control, with on-site laundry,
parking and separately metered utilities. Invest with us and request more information about the historical CAP Rates for your next triplex in cities of
your choice and ask about the GRM (Gross Rent Multiplier) for specific listings.